Los Angeles, CA 90006,1262 Fedora Street
Los Angeles, CA 90006,1262 Fedora Street
Los Angeles, CA 90006,1262 Fedora Street
37
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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$5,150,000
Est. payment /mo
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35,892 SqFt
New

1262 Fedora Street Los Angeles, CA 90006

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 35,892 sqft

Price per Sqft $143

MLS Listing ID CRSB26007655

HOA Y/N No

Year Built 1924

Lot Size 0.327 Acres

Property Sub-Type Mixed Use

Source Datashare California Regional

Property Description

2709 Pico Blvd is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sqft building is offered at only $119k/unit and $143/sqft. The property is currently operating at a 7.66% CAP and 7.56 GRM. There is still over 55%+ upside available once the property is stabilized. The property is separately metered for gas and electric. The building is comprised of (36) apartment units and (7) commercial spaces - it is broken down in to (4) 1Bed+1Bath, (32) Studio+1Bath, (2) restaurants, (2) retail, (1) discount store, (1) salon and (1) upholstery store. There are (4) studio/1-bath units that are currently vacant, offering immediate upside in rental income. 1262 Fedora St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.

Location

State CA

County Los Angeles

Interior

Fireplace No

Building

Water Public


Bay East Association of Realtors

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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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1262 Fedora Street